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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jun. 29, 2024
Jun. 24, 2023
Operating activities    
Net income $ 5,863 $ 8,829
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 17,742 18,390
Share-based compensation expense 664 539
Loss (gain) on disposal of assets 319 (896)
Impairment of long-lived assets 520  
Deferred income tax expense 1,621 1,866
Change in operating assets and liabilities    
Accounts receivable (316) (826)
Inventory (8,083) 6,334
Other current assets (8,344) 13,990
Other non-current assets 10,053 129
Accounts payable 26,963 13,902
Accrued expenses (12,166) 17,306
Federal and state income taxes payable 659 1,464
Other long-term liabilities (9,857) (9,296)
Cash provided by operating activities 25,638 71,731
Investing activities    
Capital expenditures (8,882) (7,680)
Deferred proceeds received from divestiture 4,369 3,942
Proceeds from the disposal of assets 281 1,108
Cash used for investing activities (4,232) (2,630)
Financing activities    
Proceeds from borrowings 64,143 16,754
Principal payments on long-term debt, finance leases and financing obligations (64,061) (66,514)
Exercise of stock options   17
Dividends paid (8,714) (8,926)
Deferred financing costs (670)  
Cash used for financing activities (9,302) (58,669)
Increase in cash and equivalents 12,104 10,432
Cash and equivalents at beginning of period 6,561 4,884
Cash and equivalents at end of period 18,665 15,316
Supplemental information    
Leased assets obtained (reduced) in exchange for new (reduced) finance lease liabilities 9,382 (2,158)
Leased assets obtained in exchange for new operating lease liabilities $ 7,520 $ 6,436